Topic: Examination of Political Economy and Cultural StudiesOrder DescriptionWhat are the chief characteristics that would distinguish the traditions of PoliticalEconomy and Cultural Studies one from the other? Are there any ways in whichthese distinctly different traditions may actually complement each other and might acloser alliance between the two be possible??Advice to students:Drawing principally upon the discussions in Units 4 and 5, this question is inviting you first toconsider how you would define the differences between the traditions of Political Economyand Cultural Studies. What can each of these traditions tell us about the field and, just asimportantly, what can they not tell us about it? You might then consider the relationshipsthat may be drawn between the Political Economic contexts of media production and theavailability, circulation and also prioritisation of different ‘discourses’ in society. What is thesignificance, for example, of the industrial production of cultural texts for the generation ofmeaning and the struggle between different discourses and ways of understanding orinterpreting the world? Would a move from concentrating upon institutions to consideringalso the broader processes that may contextualise media production offer a way forward forany closer alliance between the two traditions.?